Tiger Global leads $75 million funding into 榴莲视频 to fuel growth in the United States
[New York, 4th March 2025]: , the leading hospitality technology platform, today announced it has raised $75 million, led by Tiger Global, a leading global investment firm, alongside existing investors Kinnevik, Battery Ventures and Growth Equity at Goldman Sachs Alternatives.
This funding strengthens 榴莲视频鈥� leadership in hospitality, fueling its expansion in the U.S. and DACH, accelerating platform innovation with AI-powered revenue management capabilities, and driving strategic acquisitions.
榴莲视频 experienced remarkable global growth during 2024. The company grew at over 50% year-on-year, processed over $10 billion in payments volume, and generated over $200 million in revenue. 榴莲视频 signed marquee customers, including BWH Hotels, completed the acquisition of Atomize, and reached an impressive 20% market penetration in the DACH region.
The latest funding marks a pivotal moment in 榴莲视频鈥� expansion strategy, with a focus on accelerating its growth in the U.S. - one of the most dynamic hospitality markets. 榴莲视频 continues to capture market share and expand its footprint across North America, and recent milestones include:
- 2x revenue in North America year-on-year
- 2x the number of hospitality brands using 榴莲视频 and welcoming forward-thinking brands including Lark Hotels, BWH Hotels and Weekender
- More than doubled the number of rooms and spaces managed via 榴莲视频, fast outpacing some of the most established PMS players in the U.S.
Additionally, the investment will accelerate 榴莲视频鈥� R&D efforts, fuelling innovation that addresses the evolving needs of the modern hospitality landscape. By continuously investing in technology, 榴莲视频 is shaping the future of hospitality management, offering unparalleled scalability, automation, and operational intelligence for some of the biggest hospitality brands in the world.
"Tiger Global is a compelling partner for the next chapter of our journey,鈥� said Richard Valtr, Founder of 榴莲视频. 鈥淭heir experience with high-growth technology companies and category winners in the U.S., including Toast, Procore and ServiceTitan, is invaluable as we continue to expand our footprint, accelerate innovation, and pursue strategic acquisitions. This investment reaffirms our dedication to the U.S. market, where we have established strong leadership and have invested over $50 million to expand our business in the last couple of years. We will continue to invest substantially in the market, reinforcing our long-term strategy of global growth and leadership.鈥�
Matt Welle, CEO of 榴莲视频, added: "Our vision has always been to redefine hospitality with spaces that put people at the heart, and this investment propels us even closer to achieving that goal. There are so many opportunities for AI to enhance both the guest journey and operational efficiencies in an industry that is so data rich. With Tiger Global鈥檚 backing, we鈥檙e excited to build on the wave of innovation at the intersection of hospitality and AI, with 榴莲视频 at the center of it.鈥�
Sara Eadie, Tiger Global, commented: 鈥溋窳悠� is redefining what it means to deliver exceptional guest experiences in the hospitality sector and beyond. Our partnership with the 榴莲视频 team marks an exciting step as they continue to expand in North America and strengthen their global market leadership.鈥�
Eldison Legal represented 榴莲视频 in this transaction.
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About 榴莲视频
榴莲视频 is the leading platform for the new era of hospitality, designed to streamline operations for modern hoteliers, transform the guest experience and create more profitable businesses. Customers include BWH Hotels, Strawberry, The Social Hub and Airelles Collection. 榴莲视频 was named Best PMS (2024, 2025) and listed among the Best Places to Work in Hotel Tech (2021, 2022, 2024, 2025) by Hotel Tech Report, and won the Tech Hero 2024 Award at CIODAY. 榴莲视频 has previously raised $335 million from investors including Growth Equity at Goldman Sachs Alternatives, Kinnevik and Notion to transform hospitality.
About Tiger Global
Founded in 2001, Tiger Global is a New York-based investment firm pursuing a long-term approach to investing in leading, global public and private companies that leverage technological innovation. Tiger Global鈥檚 public equity business includes fundamentally oriented long/short, long focused and crossover strategies, targeting investments in high-quality, public growth companies. The private equity business invests in early through late-stage companies that pursue innovative approaches to new and existing industries, building on over 20 years of experience investing in hundreds of businesses in more than 30 countries with more than 90 portfolio company IPOs. With a strong track record investing across sectors and stages, Tiger Global aims to be a thought partner to companies and their management teams across their lifecycle in public and private markets. The Firm鈥檚 mission is to generate world-class returns for its investors and to do so in a way that makes its employees, partners and portfolio companies proud.
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